UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
March 28, 2003
(Date of earliest event reported)
Commission File Name of Registrant; State of Incorporation; Address of IRS Employer
Number Principal Executive Offices; and Telephone Number Identification Number
--------------- -------------------------------------------------------- ------------------------
1-16169 EXELON CORPORATION 23-2990190
(a Pennsylvania corporation)
10 South Dearborn Street - 37th Floor
P.O. Box 805379
Chicago, Illinois 60680-5379
(312) 394-7398
1-1839 COMMONWEALTH EDISON COMPANY 36-0938600
(an Illinois corporation)
10 South Dearborn Street - 37th Floor
P.O. Box 805379
Chicago, Illinois 60680-5379
(312) 394-4321
Item 5. Other Events.
On March 28, 2003, Commonwealth Edison Company issued a press release
regarding the issuance of orders by the Illinois Commerce Commission
resolving three cases pending before the Commission and addressing key
issues in Illinois' continued transition to a competitive electricity
marketplace. The press release is attached as Exhibit 99.1.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EXELON CORPORATION
COMMONWEALTH EDISON COMPANY
/S/ Robert S. Shapard
----------------------
Robert S. Shapard
Executive Vice President and Chief Financial Officer
Exelon Corporation
March 28, 2003
[ComEd LOGO]
News Release
From: Commonwealth Edison FOR IMMEDIATE RELEASE
Media Relations Friday, March 28, 2003
P.O. Box 805379 Chicago, IL 60680-5379
Contact: Tabrina Davis
312-394-3500
Illinois Commerce Commission Issues Orders to
Move Forward the State's Competitive Electric Marketplace
CHICAGO - The Illinois Commerce Commission (ICC) today issued orders that
resolve three cases pending before the Commission and address key issues in
Illinois' continued transition to a competitive electricity marketplace. The
orders were largely consistent with solutions developed and supported by a broad
coalition of municipal, business and consumer advocate groups and ComEd.
The ICC's orders, and the coalition's proposals, will provide a range of
benefits for electric consumers in ComEd's northern Illinois service area,
including:
o New energy assistance and environmental programs;
o Better choices and more savings for business customers;
o More opportunities for alternative suppliers to compete; and
o Continued reliability improvements in ComEd's electric system.
"The agreement reflects a common vision for the future of Illinois," said Frank
M. Clark, ComEd's president. "We share the goal of a competitive marketplace
with a diversity of suppliers, with good choices for customers and a reliable
electric system, and today's action represents a major stride in that effort.
This builds on the successful steps Illinois has already taken to promote
electric competition, lower electric rates, develop an abundant supply of
electric generation and improve reliability."
For example, Clark noted that ComEd has reduced power outages by more than 50
percent since 1998.
Members of the coalition include: the City of Chicago, the Cook County State's
Attorney, the Citizens Utility Board, the Illinois Manufacturers Association,
the Illinois Retail Merchants Association, the Building Owners and Managers
Association, Trizec-Hahn (managers of the Sears Tower), the National Energy
Marketers, Constellation New Energy, MidAmerican Energy, Peoples Gas, Cilco,
Nicor, AmerenEnergy Marketing and Blackhawk Energy Services.
- 1 -
Commonwealth Edison is a unit of Chicago-based Exelon Corporation (NYSE: EXC),
one of the nation's largest electric utilities with more than $15 billion in
revenues and a customer base of five million. ComEd provides service to
approximately 3.5 million customers across Northern Illinois, or nearly 70
percent of the state's population.